NBE Tops banks on First Bank credit competitiveness index

NBE topped the index in the first half of 2023, with its total customer loans and facilities reaching EGP 1.978 tn by the end of June, compared to EGP1.728 tn by the end of December 2022. This increase, approximately EGP250 bn, showcases its outstanding performance in the banking market.

 The bank's significant growth can be attributed to increased support for small and medium-sized projects, reaching EGP159 bn by the end of June 2023, compared to EGP143 bn by the end of December 2022, indicating a growth rate of 11.19% in the first half of this year.

 Additionally, the bank's continuous support for large companies, believing in their positive impact on the national economy, also contributed to this increase.

The bank's overall performance has been strong this year, with a 6.3% growth rate and an increase of EGP 200 bn in customer deposits during the first half of this year, reaching EGP3.4 tn by the end of June 2023, compared to EGP3.2 tn by the end of December 2022.

Total assets of the bank jumped to EGP4.9 tn by the end of June 2023, compared to EGP4.4 tn in 2022.

 Furthermore, NBE added approximately 142 new ATMs in the first 6 months of this year, bringing the total number to 6.67 thousand by the end of June 2023, compared to 6.53 thousand by the end of 2022, marking a growth rate of 2.17% on a semi-annual basis.

 The number of POS machines also increased to more than 469 thousand by the end of June 2023, compared to 403 thousand by the end of 2022, with a growth rate of 16.38% on a semi-annual basis.

 NBE successfully expanded its geographical presence this year, increasing its total number of branches to 643 in June 2023, including 17 independent electronic service branches and 20 traditional branches equipped with electronic corners, compared to 634 branches and banking units by the end of 2022, adding 9 new branches during the current year.

For the complete list, click on "More."